0.4.4. 1. Impacts on universities
In addition to the free education offered by the government, there are over 28,000 private universities in India. In 2016, more than 3.4 million students were enrolled at such institutions. On average, these students spent on tuition and living expenses. This has been rising due to government regulations that allowed the state to start privately funded educational institutions. If the government were to withhold funds, private institutions would close, making students lose the opportunity of free education. Furthermore, there would be no new institutions to take their place, and the government would fail to reach its ambitious goal of universal access to higher education by 2022.
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2. Impact on the population
Each year, some 45 million students graduate from universities. This is about 20.5% of India’s total population. In addition, the low cost of higher education has led to a boom in foreign students, currently at 10 million. A substantial amount of this comes from students from China, who dominate India’s higher education market. Given India’s long-standing relations with China, it is possible for these students to stay in India after they graduate, despite the fact that they will not obtain citizenship. This might cause a demographic imbalance, especially if the Chinese students eventually form a majority in India. Some Indian citizens are also worried about the ability of the Indian government to provide equal access to higher education, because of its limited funds.
0.4.5. Impact on business
The open market allows businesses to experiment and compete with other businesses, which usually leads to better services. Lower tuition costs enable entrepreneurs to innovate and invest in areas like IT, design, marketing, and research. It would also enable students to pursue better jobs in their field. However, some of the estimated might be spent on advertising and marketing, so the positive effects of lower tuition might be offset by this.
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3. Impact on the economy
Currently, India has the lowest level of student debt in the world. Most of this is because students are not required to pay their tuition up front. They can instead pay by the month, which is more economical for them. As the government restricts spending on higher education, more individuals may be forced to rely on their earnings to cover tuition. This could also cause a rise in unemployment.
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4. Impact on the environment
Lower tuition prices have also allowed universities to cut back ac619d1d87
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